Author: Ann Crotty for Just Share
Naspers chairman Koos Bekker and new CEO Fabricio Bloisi were challenged by a Canadian shareholder group on Thursday at the corporation’s AGM. SHARE (Shareholder Association for Research and Education) raised concerns about the treatment of delivery workers under Bloisi when he previously headed up iFood which controls 80% of the Brazilian food delivery market. Delivery workers at iFood had complained of long hours, inadequate wages and poor health and safety conditions. SHARE is concerned that Bloisi will extend these controversial labour practices across the wider Naspers group, including Delivery Hero (25% owned by Naspers), Takealot, Superbalist and Mr D Food.…
“Unique” is a dangerous word to bandy about, it risks being devalued to a level of pointlessness but, in the case of Elon Musk it might just be appropriate. “Being the only one of its kind; unlike anything else” comes very close to describing the South African-born entrepreneur. It also comes close to describing the staggeringly generous remuneration package at the centre of a long-running legal battle currently playing out in the US, home to Musk’s Tesla Corporation. In brief, the battle is over the validity of a pay package awarded to Musk in 2018 in terms of which he…